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31. An auto insurance company provides the following financial information. Calculate the amount of loss adjustment expenses. Premiums written: $126 M Losses: $87 M Loss
31. An auto insurance company provides the following financial information. Calculate the amount of loss adjustment expenses.
Premiums written: $126 M
Losses: $87 M
Loss Adjustment Expenses: $?? M
Operating Expenses: $36 M
Dividends Paid: $4 M
Investment Profit: $8 M
Operating Ratio: 103%
Please show calculations, thanks!
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